The latest local news, weather and high school sports from the Heartland

Wednesday, September 21, 2011  The Federal Reserve will use more than $400 billion to try to drive down long-term interest rates, make home and business loans cheaper and invigorate the economy.

Friday, October 08, 2010  A weaker jobs report added to a series of tepid economic indicators in recent weeks that have built expectations that the Fed will announce new steps to encourage borrowing when it meets in early November.

Wednesday, August 11, 2010  Stocks and interest rates tumbled Wednesday as investors worldwide grew increasingly concerned about the health of the U.S. economy based on actions by the Federal Reserve.

Wednesday, July 28, 2010  Investors cashed in some of their recent gains Wednesday after the Federal Reserve gave them more confirmation that the economic recovery is slowing.

Wednesday, June 23, 2010  The Federal Reserve is expected to leave interest rates at record lows as it ends a two-day meeting Wednesday with policymakers having cause for optimism as well as caution.

Tuesday, April 27, 2010  President Barack Obama said Tuesday Washington must urgently confront unpleasant truths about deficits, while the Federal Reserve chairman said failure to mop up red-ink spending would "ultimately do great damage" to the country.

Friday, December 11, 2009  SEC official: agency widened probe of Bank of America to include disclosure of Merrill losses